From Data Chaos to Regulatory Overload

 

Data management is crucial for financial institutions. Despite significant investment
and regulatory scrutiny, firms must deal with the issues of data quality, ownership,
technology simplification, and the increasing influence of AI. 

Financial institutions say it is difficult to maintain
complete and accurate data of a high quality. One
participant said that fundamental issues persist: “If you
ask somebody in finance what the capital adequacy
situation is and you ask someone in risk, you’ll get
different answers because they’re drawing on different
data sources and applying different methodologies.
That’s not okay.”

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